Six Flags price target lowered to $26 from $40 at Oppenheimer

Oppenheimer analyst Ian Zaffino lowered the firm’s price target on Six Flags (FUN) to $26 from $40 and keeps an Outperform rating on the shares. Under new CEO John Reilly and a refreshed Board of Directors, Six Flags has started to operate with more urgency. Most of the focus will be on legacy-Six Flags parks, given their upside potential. Reilly intends to decentralize numerous activities and push decision-making into the field. At the same time, Six Flags will optimize and leverage its cost structure through volume/attendance growth, Oppenheimer adds.